A beloved Hawaii landmark is poised for a luxurious transformation. The iconic Turtle Bay Resort on Oahu’s North Shore has been acquired by Host Hotels & Resorts, a leading real estate investment trust, for $725 million. Host said in a statement that the acquisition paves the way for the resort’s rebranding under the prestigious Ritz-Carlton banner, managed by Marriott International.

Previously owned by Blackstone Real Estate, Turtle Bay boasts a rich history with appearances in over 150 films and television shows including Magnum P.I., Forgetting Sarah Marshall, and Pirates of the Caribbean: On Stranger Tides. The sprawling property encompasses 450 guest rooms and bungalows nestled amidst 1,300 acres of scenic coastline. Blackstone significantly enhanced the resort during their ownership, completing renovations of guest rooms, bungalows, the lobby area, its resort pools and amenities.

Host Hotels & Resorts plans to seamlessly integrate Turtle Bay into the renowned Ritz-Carlton portfolio, signifying a commitment to providing unparalleled luxury experiences. Guests can anticipate the impeccable service standards and refined amenities synonymous with the Ritz-Carlton brand.

The sale also included a separate transaction between Blackstone and Areté Collective for the development of an additional 65 acres within the Turtle Bay property. Details regarding this new project remain undisclosed.

Are you noticing a shift in your local housing market? According to a recent article on moving trends, many areas of the United States are experiencing a demographic change. People are moving away from expensive coastal cities and towards more affordable locations with a higher quality of life. The Carolinas and the Southern Appalachian region are experiencing a surge in new residents, drawn by factors like beautiful natural scenery and a slower pace of life.

Here’s a breakdown of the Top 10 “moving to” and “moving from” cities according to the article:

Source: Pods.com

Hawaii, however, remains a leader in offering the idyllic lifestyle many are seeking. With stunning beaches, lush forests, and majestic mountains, Hawaii provides an unparalleled connection to nature. Our islands consistently rank high in terms of happiness and well-being, offering a unique and desirable quality of life.

If you’re looking for an escape from the hustle and bustle of the mainland lifestyle, Hawaii may be the perfect place for you. Contact us today to learn more about relocating to Hawaii and finding your dream property. We can help you achieve your real estate goals and enjoy the serenity of paradise.

(808) 596-8801 | info@sachihawaii.com

Hawaii condominium owners and associations have reason to celebrate. A recent suite of legislation signed by Governor Green promises to streamline building improvements, enhance access to sustainable energy solutions, and potentially reduce overall utility costs.

Key Provisions for a Brighter Future:

• Enhanced Financing Options: Previously, securing financing for essential condo improvements like plumbing upgrades and fire sprinkler installations could be a complex and costly undertaking. This new legislation streamlines the process, allowing associations to access financing more readily, ensuring timely upkeep and improved building safety.

• Solar Energy Inclusivity: The expansion of the Solar Hui program is a significant step forward for residents in condo buildings without direct roof access. By enabling participation in a collective fund for solar panel installations, this initiative empowers a wider range of condo owners to embrace renewable energy and reduce their environmental footprint.

• Strategic Bundling: A collaborative effort between the state and city government seeks to explore bundling water conservation and energy efficiency measures with necessary projects like fire sprinkler installation or re-piping. This innovative approach has the potential to significantly lower overall utility bills for condo residents, offsetting the costs associated with these essential upgrades.

Benefits Beyond Maintenance:

These legislative measures offer a multi-pronged approach to improving the lives of Hawaii condo owners. By facilitating critical maintenance, promoting sustainable energy options, and potentially lowering utility burdens, the legislation fosters a more secure, cost-effective, and environmentally friendly condo living experience.